"Cabinet has granted a special dispensation to allow the completion of the construction of stranded LPG stations across the country”, the NPA stated in a press statement last week.
the new E-VAT, the government seeks to raise GH¢750 million if the Value Added Tax Amendment bill, which introduces the E-Vat policy, is passed by parliament.
the revision of the end-period inflation for 2022, as part of the re-jigging of the entire macroeconomic framework, has been necessitated by a significantly-changed macroeconomic environment.
The NIA recently clash with the EC over the matter, where the Authority believe it has not sanctioned the EC to tease any such information either to Government or stakeholders in the Country's electoral body.
The Covid-19 pandemic and the conflict in Russia have magnified Ghana’s fiscal and external imbalances, S&P said.
Ghana’s economy showed signs of serious challenges even before COVID-19 struck. The World Bank’s country director has been emphatic that our economic challenges persisted even before the COVID-19 crises.
Notwithstanding the significant improvement in the trade surplus, the current account deficit widened to US$1.1 billion, compared with US$762.0 million recorded in the same period of 2021.
Sales of the US dollar stood at US$25 million. This translate into a percentage shortfall in supply of about 80 percent.
This peg the difference in the market rates at about 14 percent or GH¢1.0.
The proposal is coming at time when there is a debate whether the policy should be reviewed or abolished since it’s consuming chunk of government revenue.